Let us all chip in and create a new list for A0 salaries for 2023 grads to ensure pay transparency across law firms. Request you all to follow the following format:
I think this makes KCO the lowest paying T1 firm. AZB Tri SAM Saraf, everyone is paying more at A0 level. Fifth year students sitting for their day 0s soon, take notes.
For our college, Argus offered a CTC of 15L in the Delhi office, 16L in Mumbai and 14L in Kolkata. However, no breakup between variable and fixed pay was provided.
The information is completely false. DSK Legal has a band system, all A0's are paid 8,64,000 (72K PM) fixed and up to 3.3 L variable bonus. This is across all offices for all A0's regardless of which NLU or private university they join from.
Increments are decent but completely dependent on the team, bonus is also completely up to the partner and billing.
The above comment may be talking about off counsels or long time interns etc.
As someone who joined T1 out of lawschool and moved on to other things. I believe law firm salaries have peaked for freshers, and will remain the same number just like WITCH salaries. There is an article on LegallyIndia from 2014 where Khaitan hiked their salaries to 15.2.
Almost 0 increase in 10 years, where as so many costs have doubled or tripled, law school fees. Law firms have started making very little sense. Although, the pay hikes become significant as you get PQE.
This is if you are in a better team - most people in JSA Bangalore are paid 50K as a JA and 65K as an A0 for the remainder 6 months of your first year.
NDA - 17.4 lakhs (1lakh per month for first 6 months (25k each month retained) then 1.35lakhs for the next 12 months (10k each month retained) then you are paid the retained 2.7 lakhs upon completion of 18 months).
Plus possible bonus of another 3 lakhs (depending on billings) -this varies may be offered or may not be depending upon firm financials.
Firm Name, Location- Salary (annual fixed pretax + bonus)
For Example, AZB, Mumbai- 15L+ 2L
(PS- This is just an example and is not reflective of the actual salary)
https://www.legallyindia.com/convos/topic/231037-kco-releases-offer-letters-to-freshers-base-salary-of-rs-15-6-lakhs-but-no-mention-of-bonus
The fixed figure appears to be right. Request everyone else joining KCO to confirm bonus.
Karanjawala, Delhi, 6-8 LPA
Mumbai: 16LPA
Delhi: 15LPA
Bangalore: 14LPA
Kolkata: 13LPA
Increments are decent but completely dependent on the team, bonus is also completely up to the partner and billing.
The above comment may be talking about off counsels or long time interns etc.
Shame they barely have any vacancies.
As someone who joined T1 out of lawschool and moved on to other things. I believe law firm salaries have peaked for freshers, and will remain the same number just like WITCH salaries. There is an article on LegallyIndia from 2014 where Khaitan hiked their salaries to 15.2.
Almost 0 increase in 10 years, where as so many costs have doubled or tripled, law school fees. Law firms have started making very little sense. Although, the pay hikes become significant as you get PQE.
We’re in 2000s.
Also no, the 8% bill share doesn’t compensate enough if you’re not in M&A or Banking.
You'll get 50k as signing bonus.
Trilegal - 16.6 L (14.25 + 2.35)
Khaitan - 15.6 L (all fixed, no bonus for freshers)
CAM - 16 L (14.4 + 1.6)
SAM - 16 L (all fixed, no bonus)
Luthra - 16 L (13.8 + 2.2) - out of this, 50k is paid as signing bonus.
Saraf - 16 L (13.8 + 2.2) - out of this, 50k is paid as signing bonus.
IndusLaw - 15.8 L (14.4 + 1.4)
These figures are correct as of June 2023.
Plus possible bonus of another 3 lakhs (depending on billings) -this varies may be offered or may not be depending upon firm financials.
Mason and Associates - 25- 30k p.m. Remfry and Sagar - 60k p.m.
Fidus Law - 45 p.m.
Ira Law - 50k p.m.
ALG - 45k p.m.
Jain and Partners - 22k p.m.
Intll Advocare - 35 p.m.
Although for Intll I think it can go till 40-45.
And for Mason as well around 30-35.
Additionally,
Anand and Anand - 35
Lall and Sethi - also around 35ish.
Sujata Chaudhri - around 40-45.
Please correct me if I'm wrong.
TMT Law Practise (Delhi- disputes team) - 45k p.m
Would love an estimate for the banking team.